Terms & Conditions
Requirements for Crediting Financial Aid to a Student's Account:
- Please note that you must sign all documents. A parent cannot sign for you.
- Estimated financial aid will appear as a credit on your student account for the purpose of sending semester bills in June and November.
- After September 10, "expected" Outside Scholarship(s) will no longer be credited to your account until the check(s) has been received from the donor. If you receive the check directly, forward it to the Grinnell College Office of Student Financial Aid.
- After September 10, recommended and certified loans will not appear as a credit on your account until funds have been received from your lender.
- If you have been awarded a Federal Perkins Loan or Grinnell College Loan, we will notify you at the beginning of the school term regarding times available to sign your promissory note.
- If you wish to apply for the Federal Direct/Stafford Loan, you should complete the application materials on our website and return them to the Financial Aid Office beginning in May and before August 1.
- First-time Direct Loan and Perkins Loan borrowers are required to receive entrance loan counseling. Counseling is provided during New Student Orientation at the Financial Aid Meeting, so be sure to attend.
- All financial aid is subject to revision depending upon fund availability, changes in the family contribution, and/or credit load. Your award may be affected if you withdraw from Grinnell College or reduce your credit load to less than full-time status.
- In the event that available state funds are insufficient to pay the full amount of each approved grant, the Iowa College Student Aid Commission has the authority to administratively reduce the award.
- You must maintain satisfactory academic progress according to standards prescribed by Grinnell College.
Witholding Aid
Students will be notified by the Grinnell College Office of Student Financial Aid if their federal financial aid will be withheld. Reasons for withholding aid include:
- default on Federal Perkins Loan or Federal Family Educational Loan;
- repayment owed on any previous financial aid;
- male who has reached his eighteenth birthday, but has not registered with Selective Service;
- documentation of citizenship;
- any other circumstance that precludes aid from being finalized.
Reporting Additional Resources
If you receive additional resources, such as outside scholarships or tuition benefits, not listed on the award notification, you must contact the Office of Student Financial Aid immediately. Your award may need to be adjusted. It is your obligation to report any income and/or financial assistance not previously reported on your application.
How You Actually Receive Your Financial Aid
- Scholarship, grant and loan awards are credited directly to your college account and applied toward the comprehensive fee (tuition, fees, room and board).
- Federal Work-study and/or Campus Employment will not appear as a credit on your account. Paychecks are issued twice monthly beginning in September. Students have the following options regarding earnings:
- use toward the comprehensive fee; arrangements must be made with the Office of the Treasurer.
- keep and use toward books, personal expenses, etc.
